Honda Vietnam said the company plans to shift from manufacturing to importing vehicles due to manufacturing interruptions and market stagnation caused by the COVID-19 pandemic.
At a recent symposium on measures to boost the development of Vietnam’s mechanic sectors, Prime Minister Nguyen Xuan Phuc stressed that the Government will establish a market for mechanic firms to develop, including facilitating the sector to seek for domestic and overseas markets for the country’s oil and gas engineering sector’s products.
About 89.4 percent of surveyed processing and manufacturing enterprises expected their production output would increase and remain stable in the third quarter of 2019, according to the General Statistics Office (GSO).
Vietnam ranks second in ASEAN in manufacturing PMI
Japanese investment in the manufacturing and processing industries has bounced back after five years of decline.
VOV.VN - The total amount of FDI in new and existing projects, capital contribution and share purchase reached US$16.74 billion during the first five months of the year, a rise of 69.1 per cent over last year’s corresponding period
VOV.VN - Inflows of registered foreign direct investment surpassed US$10 billion during the first quarter of this year, reaching peak levels over the last three years, according to a source from the Ministry of Planning and Investment (MPI).
The Vietnam National University - Hanoi on February 28 announced that its three training branches have been named in the world top 500-600 by education organisation Quacquarelli Symonds (QS).
The Index of Industrial Production (IIP) in the first nine months of 2018 grew 10.6% year-on-year, the highest growth since 2012.
VOV.VN - Vietnam has sent more than 102,000 workers, including nearly 37,000 female workers abroad during the first nine months of this year, reaching 92.64% of the target for this year, according to the Overseas Labor Management Department under the Ministry of Labour, Invalids and Social Affairs (MoLISA).
Ho Chi Minh City posted VND585 trillion (US$25.74 billion) in the Gross Regional Domestic Product (GRDP) in the first half of 2018, a growth of 7.76 percent from the same period last year, as heard at a meeting on July 3.
Manufacturing and processing sector grew by 13.02% in the first half of 2018, the highest in seven years, contributing 2.63 percentage points to the country’s economic growth, said Director General of the General Statistics Office (GSO) Nguyen Bich Lam.
The unemployment rate is on the increase among young people in Vietnam, however, many companies are facing difficulty in recruiting unskilled labourers in the final months of the year.
VOV.VN - Three leading Japanese trade shows for the manufacturing support industry opened today (September 13) at the Cultural Friendship Palace at 91 Tran Hung Dao Street in Hanoi.
VOV.VN - The manufacturing sector in Vietnam expanded in July, according to the latest survey from Nikkei published on Tuesday, August 1, with a manufacturing PMI score of 51.7.
Vietnam’s manufacturing and processing industry attracted 12,075 foreign-invested projects with a total registered capital of US$180.68 billion as of late June, according to the Ministry of Planning and Investment (MPI)’s Overseas Investment Agency.
The Ministry of Industry and Trade (MoIT) plans to tighten control on goods whose imports are discouraged and facilitate local manufacturing to reduce the country’s trade deficit.
Vietnam’s manufacturing sector has proven a magnet for foreign direct investment in the first quarter, absorbing US$6.54 billion, which accounted for 84.9% of total registered capital in the period.
VOV.VN - The labour challenges facing Vietnam in 2017 are considerable, requiring a massive effort to retrain and upskill workers by the millions, says the Ministry of Labour, Invalids and Social Affairs (Molisa).
VOV.VN - The manufacturing sector starts the new year amid a surge in new orders with the Industrial Production Index having increased 8.30% in December, 2016 over the same month in 2015, reports the General Statistics Office.